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Newspaper
The Montana Standard
Location
Butte, Montana, United States of America
Date
Jun 13, 1946
Page
8
New York June 12 The stock market steadied after Tuesday’s stumble with air transports rails and industrials leading a selective comeback. Airlines eyed fare cuts and pension plans while carriers sought a possible freight rate boost. Trading was slack with 970000 shares moving vs 1080000 Tuesday as the AP 60 stock average rose 2 points.
The New York curb market shows various issues with bid and ask levels including Alum Co of Amer at 82 percent Amer Cyan 62 Amer G and E 45 percent and others such as Bank Hill 826 Cities Sve 40 percent Cities Svc pid 159 percent. Additional notes list First Bank Stock bid 20 percent asked 20 percent Northwest Banco bid 264 asked 26 percent Montana Power bid 116 asked 118 percent and United Car War 1s among several listed securities.
St Paul region cattle hogs and sheep sold with steers and heifers showing steady to strong demand. Prices listed for loads and classes include top steer bids around 17.60 per cwt at 1419 lb, hogs firm at ceiling near 60 price, and sheep lambs and ewes trading with selective gains across several grades. Shippers report broad support and active markets with variable balance across species.
Wool tops futures were steady as Boston dealers covered, with estimated spot sales around 20 000 pounds and futures trading about 30 000 pounds. Prices closed unchanged to modestly lower with December at 95.2 and March 1947 at 95.2, October 1947 at 94.0. Certificated wool spot and tops quoted near 94.0 and 133.0 respectively.
Arrivals total 159 on track 309 with 1 097 shipments. New stocks feed liberal supplies as demand remains slow. California Long Whites and Pontiacs list at 2.75 to 3.25 per 100 pounds, Alabama Bliss Triumphs at 2.50, Missouri Red Warbus and Kansas Red Warbus around 2.20 to 2.35.
Minneapolis grain report shows wheat receipts at 127, year age 267 with trading and cash wheat both at ceiling. Other grains unchanged as of Wednesday, June 12, reflecting a steady market with no price shifts.
New York bonds list dated June 12 shows AT T 2s 75 with 105 percent, AT T & SF 4s 95 to 107S, and Tex Corp 3s 59 due. Market activity reflects varied yields and issuer names among telecom and Texas concerns.
Butter held firm as receipts totaled 316 604 while eyes remained steady with 24 945 on hand. Prices unchanged across the board and market activity limited to routine offerings in Chicago.
A compiled set of crossword style clues covers across and down entries with terms ranging from price and nurse to Tibetan priest and glacial snow. Several entries hint at legal terms and anatomical parts while others point to weathering, literary figures, and basic shapes.
Sioux City traders report cattle sale totals near 5 500 calves and 5 800 trade, with steers and heifers firm to higher. hogs active with 4 300 salable and sows and stags at 13 75. sheep 1 500 head, fed lambs steady and No 1 pelts affecting prices. Local packers show strong demand for yearlings and medium to good steers and yearlings.
Oats futures showed fractional gains on Wednesday as oats moved up after the opening, with most contracts hitting ceiling before profit taking trimmed gains. Cash dealers reported 100000 bushels sold and buyers noted light country offerings amid uncertainty over OPA legislation. August oats closed up at 87. percent.
Minneapolis flour market notes unchanged shipments at 32,240 barrels or sacks, with no price moves or additional data forthcoming. Official daily summary shows steady activity and no new developments on production or distribution.
Butte market shows hog receipts 36 with top choice butchers at 14.75, sheep 30 lambs 11.50, cattle receipts 359 with various grades from good grain-fed steers to dairy calves. Good demand for slaughter type cattle while feeder market runs slow, with prices listed across many categories for stockers feeders and cows.
New York June 12 Curb stocks traded irregularly with declines for Aluminum Ltd and Chesebrough Manufacturing while Fairchild Engine & Airplane rose over four points in its preferred and gained a fraction in A stock. Midwest Piping gained about two. Insurance Company of North America Illinois Zinc United Shoe and New England Telephone & Telegraph advanced a point or more. Molybdenum Corp rose over a point on OPA price control suspension affecting molybdenum and other metals.
Spokane report shows cattle salable 125 of 131 unchanged and hogs salable 61 of 338 unchanged. Sheep salable 28 unchanged.
The War department announced the arrest of Roy C. Carlton, a former enlisted man, in the Kronberg castle jewel theft investigation. Carlton, the fourth person seized, was arrested by federal customs agents at his Kilgore Texas home. An Army officer said his participation is believed to be minor and noted he is a former technician fifth grade no longer under Army jurisdiction. Three Army officers including a WAC captain and her husband remain detained in the case involving 1.5 million dollars of Hessian crown jewels hidden in the castle.
The Senate naval affairs committee approved in a speedy and unanimous vote the appointment of John L. Sullivan of New Hampshire as undersecretary of the Navy.
Gen Mark W Clark, U S member of the Allied control council for Austria, protested twice to the Russian command about fighter planes firing on the American air field at Tulin. A red flag atop the radio tower was targeted during the incident. Meanwhile in South Africa hundreds of fish died in the Klip river with weather blamed for the die off.
Multiple offers for carpentry, windows, cabinet work, and alterations by Hans C. Due of 3214 Kennedy Ave. Saddle horses for rent at Staghorn Ranch two miles east of Butte Ski Club. Car ride to Alaska seeking traveler to share expenses. Free kindling wood pickup on 3440 Kennedy. Lawn mower sharpening at Joe's Appliance Repair 225 E Park. Electric appliance repair also listed. Wanted two first class spray gun painters for Dillon rural district via Gardner at Andrus Hotel.
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